Air New Zealand has drawn down $72 mln of government loan

Airline unable to provide earnings guidance, expects loss

Has around NZ$1 billion of liquidity, still burning cash

Will refresh loyalty programme, improve digital tools

Adds comments from chairman and CEO

SYDNEY, Sept 29 (Reuters)Air New Zealand Ltd AIR.NZ said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.

The airline reiterated that it expected to report a second consecutive annual loss in the financial year ending June 30, 2021, and that it was not able to provide earnings guidance.

“With the outlook for future passenger demand clearly uncertain, and highly dependent on the removal of travel restrictions both here in New Zealand and globally, we know that Air New Zealand will continue to be a smaller business for some time to come,” Chairman Therese Walsh said

Read More

Air New Zealand has drawn down $72 million of government loan

FILE PHOTO: An Air New Zealand Boeing Dreamliner 787-9 takes off from Auckland Airport in New Zealand, September 20, 2017. REUTERS/Nigel Marple

SYDNEY (Reuters) – Air New Zealand Ltd AIR.NZ said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.

The airline reiterated that it expected to report a second consecutive annual loss in the financial year ending June 30, 2021, and that it was not able to provide earnings guidance.

“With the outlook for future passenger demand clearly uncertain, and highly dependent on the removal of travel restrictions both here in New Zealand and globally, we know that Air New Zealand will continue to be a smaller business for some time to come,” Chairman Therese Walsh said at the airline’s annual meeting, webcast from Auckland. Yes chairman not

Read More

Critical Thinking: Do Some People’s Childhoods Set Them Up To Be Drawn To Politics?

It would be easy for someone to come to the conclusion that more people are into politics than ever before. One reason for this is that so much of what is spoken about on social media relates to this area.

If someone was to engage in black and white thinking, they could even believe that everyone is into this area. Yet if they were to use their ability to think, and didn’t get caught up in this type of faulty thinking, it would still be clear that this is an area that plenty of people pay attention to.

A Number of Options

And although some people will just share things online, there will be others that have gone even further. Some of these people will describe themselves as activists, meaning that they will spend a lot of their time attending different rallies, amongst others things.

For others, this will also … Read More